10.04.2015 - Surging dollar drops gold price through $1,200
On Thursday gold futures retreated more than $10 an ounce to below the psychologically important $1,200 an ounce level for the first time since end-March. Gold for delivery in June – the most active futures contract – was bid at $1,194.70 during lunchtime trade in New York not far off its day low as it retreats from a six-week intraday high struck on April 1. Gold bounced off a near 4-year low of $1,148.20 an ounce mid-March but the metal is trading more than $110 an ounce below its 2015 high reached in January. Silver has had the worst of the change in sentiment, trading as low as $16.14 an ounce – down 6% on the week and almost 14% below it January peak. Platinum is down 10.1% since its January high, while palladium futures have lost 8.4% in just over a month...............................................Full Article: Source
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